Clarification on news item/Market rumour regarding buy back approval
INTERARCH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Interarch Building Solutions has denied a false news report that claimed the company approved a Rs. 10 crore share buyback at Rs. 2,000 per share. The report appeared in Business Standard and similar information was circulating on the Groww platform. The company clarified that no buyback proposal has been considered or approved at any Board Meeting or otherwise. The company stated it is unaware of the source of the incorrect information and has issued an advisory warning investors not to rely on unverified news reports or market rumours.
The false rumour could have caused unnecessary stock price volatility or investor speculation. This official clarification helps prevent further misinformation and protects investors from acting on unverified claims.